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AAPL - Here is where we will find strong support!You can clearly see our tapered buying continuation purple (newly introduced to this chart). This is what is guiding price right now and will most likely be where price wants to go: This is for 2 reasons: 1. We still need to prove sell-side tapering away from teal by showing orange support. 2. That orange support and retest lines up perfectly with our purple tapered support and will act like a magnet for buyers who are in control to bring price to in order to make a stronger move up and break out of our teal and orange algos. So keep an eye out for this level to be reached - I will likely be shorting to there if price action gives me an opportunity today. Hope everyone has a great day trading and hope to see you on my livestream starting at 9:30 AM EST today! Happy Trading :)
NASDAQ:AAPL
by ReigningTrades
2
XAUUSD Outlook Sept 15 Short-Term Short - ACCUMULATION - RALLYOVERALL DAILY TREND: BULL BIAS in HTF From a Daily TF perspective, there seems to be a higher timeframe Wyckoff Accu 2 at play. There is a DTF Rally that is undergoing a pullback sequence and is already at the area of the Daily Fib 618-786 Expectation is that PA will reverse soon to the upside. DAILY CYCLE POTENTIAL OUTCOMES for today: D3 shorts/ False Break Reversal for a continuation down to tag 27 ext bear level before finally pulling back up for a long term rally. May do a 300 pip drop before reversal. Lower TF’s are still heavily bearish Monday and Tuesday + Yesterday have been down days Yesterday didn’t quite touch the 382 level so i am extending the Fib. Now, the 382 level is flush with the M15 HBMR and very near the PD’s High. We still have a 225 pip (75x3) of Fall & WE HAVE NOT REVERSED AT ALL We are in Prev LOW and has pinned 2 prev day’s lows. We got TRAPPED Traders for sure WE HAVE DONE AN INITIAL BALANCE BREAKOUT AND Hand now we ALSO HAVE AN OR BREAKOUT but we have not done any retesting. It’s been consolidating underneath the prev LOW in a 100 pip box range. I referenced last month, PA and it dropped 300 pips from Monday before starting the conso to reverse back up. May be the same case for Gold. 300 pips is in the 1900 level aligned with 786 which is the level it often reverses from based on historical data. SO. For today: it has moved down 25x3 levels Making LL’s and LH’s = formula for a Pump & Dump It could potentially pump / wick the following confluence which are very near to each other almost clumped together: 1) HBMR area 2) PDH 3) NY EOD C High 4) Current day’s High which is also Asia Session’s High 5) Intermediate structure 38.2 fib area 6) Prev LOW and 7) OR Low BEFORE DUMPING FURTHER DOWN. There are still a ton of Demand Areas with a ton of volume below to get liquidity from before rallying up. Quite we are bearish until 1900. If I'm wrong, then PA could just rally up already.
EIGHTCAP:XAUUSDLong
by RSC_FX
USD/CAD Top Down Analysis - Short term and Long Term SetupsHappy Sunday and Labor Day Weekend for those celebrating! However, the FourX market never goes on holiday. Updated outlook and analysis on USD/CAD - we have some very interesting confluence at important levels to determine the controlling trend. We are currently in a daily pullback (uptrend) within a HTF downtrend with signs of either: 1. Reversal from LTF Pullback back toward HTF downtrend 2. HTF Bullflag to break us out of downtrend and created higher high In both these scenarios, I believe we have a short term move down first. We are at the tops of trend lines and strong resistance levels and this would be the point from where we begin to drop. All the resistance points above us lead me to believe that we need more liquidity and momentum from demand levels below. It’s too big a fight as it is now. Confluence: - 70.70% retracement level & 1.400 psychological level resistance - HTF Double Top at this level (April 2023) - 61.8% golden retracement level resistance – 1.367 level - LTF Double top at this level (Aug 2023) - Support turned resistance on breakout below trend line support (2HR Chart) - Resistance at top of weekly downtrend channel - CHoCH supply zone mitigated (this is our short trade entry zone) - Large demand zones and untapped liquidity below Now, while I do expect a drop toward these demand zones for buyers to regain liquidity and try to reverse us out of this downtrend, we are still well within our HTF uptrend pullback, meaning this could be a smaller pullback within a HTF uptrend and potential break of new highs. Therefore, this liquidity pull and subsequent drop will be mainly to sustain our future attempts at new highs. And this reversal to the upside can happen again at any point – especially as we’ve created a strong level of support at the 50% fib retracement from weekly time frame swing H’s and L’s. That 1.336 level would be our trade Take Profit 1 LTF/Short Term Trade setup: Stop Loss: Above 61.8 Fib level – 1.367 or Fib 70.7 level – 1.39 Take Profit1 : 50% HTF Fib level and demand zone/POI - 1.336 = 4.7 R:R Take Profit 2: HTF Demand zone and stronger POI – 1.300 Psychological level = 8.75 R:R or 2 R:R (for higher stop loss) If we take profit, and see support growing at either of these levels, we will consider our bullish trade entry and as buyers attempt to fulfill the HTF bull flag that’s very much in play Update to last week's USD/CAD Trades My initial setups (linked below) that I posted last week were shorter term setups that we took as objective points. Meaning, where price has the likelihood to go to first in order to get to its main/larger objective. Objective points are areas where buyers or sellers might want to grab liquidity from on the lower time frames in order to fulfill its higher time frame main objective. In this case, my objective points were fulfilled on: Trade #1:Linked below “USD/CAD Quick Scalp 2.5 R:R” where we utilized the move toward the supply zone knowing we wanted to mitigate this zone created by a minor CHoCH – so this zone acted as an objective point for a larger move I called out: Trade #2: Linked below “USD/CAD LTF Trade Setup” which was to short from the supply zone to the next Break of structure (Which we hit) – this larger move was also an objective point for an even larger HTF trade: Trade #3: Linked below “USD/CAD Short Trade with a 4.93 R:R” which is bringing us towards our higher time frame demand zone / 50% retracement. Trade still active. Please see related links and videos to get a better understanding and continue hitting these TP's!! - FourXTrader
Short
by ReigningTrades
Are we at the edge?Please see link to my previous idea for XAGUSD - I'm looking at the prospect of silver dropping next week followed by a ranging period in the 19.000 - 20.000 levels towards the end of Q4. Providing it can stay inside the trend channel, price should look to move back towards the top line. Quick impulses upwards would indicate a bullish breakout and a move back up to test the 2020 high. When the outlook is better post Covid and when all things become fully operational, manufacturing should pick up. As a result, demand for silver shall increase. In brief, a short term short followed by a longer term move up. Do leave a comment if this idea caught your attention. I'm keen to hear your thoughts and as always, a like to show your support is much appreciated. Disclaimer This is not trading advice. All content/ information shared in this idea is purely educational in nature and is expected to be used for analysis and illustration purposes only. Do not trade or speculate based solely on the information provided. Trust your own analysis. Beyond Edge
FOREXCOM:XAGUSD
by BeyondEdge
BTC STILL GOING DOWN ? BTC is still ranging in a not so tight range, seems like some form of consolidation on these levels, trying to drop its RSI without losing too much in price. I am of the opinion that BTC needs a clear strong break above the red arrown line ( above $7700 ish) and not close below this level to turn bullish. If BTC remains under $7400, my opinion is there's still risk to go as low as $6400 ish. NOTE: This is not financial advise. This is my opinion of current BTC situation put down for for observation.
BITFINEX:BTCUSDEducation
by PlatinumEntrepreneur
2